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Wednesday, December 14, 2011

Rupees and Gold Hitting Day by Day Low

Rupees almost hit low of 54.2 on 14th December against dollar. This is showing further weakness in Indian Economy. Export is weakened and Import cost become higher. This is not good sign of any developing country. In last one year India is paralysis in term of any reform or investment.

India should look for bigger investment like FDI in retails and other sector. RBI should also intervene here before rupees weak further.

There is great prediction that rupees may go up to 60/$.

On other side Gold is also cut down price in last one week. It falls near to 8% in one weak. As per expertise gold may go to 24,000 rupees per 10 gram . But it would be a good sign for equity market. It may bring a jerk in Indian and other world equity markets.

Let see what would be next keep on visiting this site.